State of the market : the dollar maintains an upward dynamic on reducing risks

From the start of the day, the US dollar has kept a moderately upward trend against a basket of major competitors. At the same time, Asian-Pacific stock indices are traded mostly below zero, maintaining trade uncertainty after the United States and China continued trade negotiations. Despite the fact that both sides took a softer position, the tension persists. So, in fact, both parties continue to maintain their positions, partially reducing market fears.

In the current situation of trade negotiations, the US dollar maintains an upward trend in the dominant position of the United States. The main increase in the dollar is associated with a decline in safe haven currencies. The US dollar index maintains an upward dynamics, limited to support levels: 98.00 and 97.90, and resistance: 98.20 and 98.30.

Read also: “Government bonds as
leading indicator of the foreign exchange market “

Hanzenko Anton

---

Earn with the help of the trade service on the news Erste News!

Topical articles of the trader’s blog:

1. The impact of the trade war on the US stock market
2. Expectations from the AUD/USD pair for May
3. Escalation of the US-China trade war and what it means for the market

Current Investment ideas:

1. Hewlett-Packard shares are ready to close the gap, and we are ready to close the profits!
2. Several reasons to buy Walmart shares. Use the chance to earn!